1. Making Fixed Income Socially Responsible Joshua Brockwell, Investment Communications Director 1 The following presentation is the copyright of Azzad Asset Management, Inc. Any unauthorized broadcasting, public performance, copying, or re-recording will constitute an infringement of copyright. The material, views, and opinions expressed in this presentation are solely those of the presenters and may not be reflective of those held by Azzad Asset Management. The webcast is provided for general information purposes only and should not be considered an individualized recommendation or advice. Azzad Asset Management makes no representations or warranties with respect to the accuracy or completeness of the information provided. Copyright © 2013 Azzad Asset Management, Inc. ® 2013 Azzad Asset Management, Inc. All Rights Reserved.

2. Introduction 2

3. About Azzad Asset Management Independent investment advisory firm registered with SEC Founded in 1997 Headquartered in Falls Church, Virginia Investment advisor to the Azzad Mutual Funds Sponsor of the Ethical Wrap Program Model portfolio manager for institutional clients Employee owned and operated 3

4. The Azzad Philosophy Provide investment services designed to help clients enjoy optimum performance without compromising their values Generate long-term, competitive financial returns Use Halal and socially responsible investment guidelines to promote a sustainable economy and create positive societal impact 4

5. Azzad Wise Capital Fund (WISEX) 5

6. Established in April 2010 First halal, SRI fixed-income fund in US Trades on NASDAQ (sym: WISEX) Total Assets USD 55 million Three Asset Classes  Sukuk (Islamic Bonds)  Participation Bank Deposits  Dividend-Paying Stocks WISEX Highlights 6

7. The performance quoted represents past performance, which does not guarantee future results. The Bank of America Merrill Lynch US Corporate and Government Master Index tracks the performance of US dollar-denominated investment grade Government and Corporate public debt issued in the US domestic bond market, excluding collateralized products. The index does not reflect the deduction of expenses, which have been deducted from the Fund’s returns. The index’s returns assume reinvestment of all distributions and dividends; you cannot invest directly in an index. The Fund’s inception date was 04/1/2010. WISEX Performance and Allocation All data reported as of 9/30/13 7

8. Sukuk 8

9. Definition Certificates of equal value representing undivided shares in ownership of tangible assets, services, or (in the ownership of) the assets of particular projects. (AAOIFI) Focus: Asset- ownership Result: Cash flow with an ownership obligation Sukuk (Islamic Bonds) Conventional Bonds 9

10. Sukuk vs. Conventional Bonds Conventional  Lending in interest  Primacy of debt financing  Debt financing is interest-based and does not require assets  No ownership  Claim to cash flow ONLY  Unlimited debt potential Sukuk  Interest-free (rent)  Primacy of equity financing  Debt financing must be asset- based/backed and interest-free  Proportionate beneficial ownership in the underlying asset  Ownership claim  Limits debt to value of underlying asset  Islamic-based, ethical 10

11. Buy Sell Utilize 1 2 3 Dissolution Payment Periodical Payments Sukuk Proceeds Investors (Sukuk Holders) Issuer SellerServicer Purchaser Structure Cash Flow Relationship 11

12. Are Sukuk an Alternative Investment? Source: Azzad Analysis – Monthly return data period: 10/2005 - 8/2013 Correlation with Dow Jones Sukuk Index 12

13. Participation Banks 13

14. Participation Banking Assets Global participation banking assets with commercial banks expected to reach $1.8 trillion in 2013 Average annual growth = 19% over the past 4 years Source: World Islamic Competitive Report 2012- 2013, Ernst & Young 14

15. Participation Bank Structure Deposit Investment Capital + profit/loss Investment Account Holders Return Real Economic Projects Participation Bank P&L Distribution Ratios 90%-10% 85%-15% 80%-20% 95%-5% 90%-10% 85%-15% 80%-20% 95%-5% P&L Distribution Ratios 15

16. Indonesia Case Study 16

17. Making an Impact on Society 17

18. Making an Impact on Society 18

19. Making an Impact on Society 19

20. Making an Impact on Society 20

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22. The material, views, and opinions expressed in this presentation are solely those of the presenter and may not be reflective of those held by Azzad Asset Management. The presentation is provided for general information purposes only and should not be considered an individualized recommendation or advice. Azzad Asset Management makes no representations or warranties with respect to the accuracy or completeness of the information provided. Mutual fund investments, including the Azzad Funds, are not FDIC-insured, so you may lose money. The Azzad Funds are available by prospectus only, which includes more information about the Funds’ objectives, risks, charges, and expenses. Please read the prospectus before sending any money. To request a free copy, please call 1-888-862- 9923, or visit us online at www.azzadfunds.com. Azzad Asset Management serves as the investment advisor to the Azzad Funds, which are self-distributed. Copyright © 2013 Azzad Asset Management, Inc. ® 2013 Azzad Asset Management, Inc. All Rights Reserved. Important Information 22